SAFE & GREEN HOLDINGS CORP (SGBX) Stock Technical Analysis
NASDAQ:SGBX - Nasdaq - US78418A6047 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to SGBX. SGBX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, SGBX is a bad performer in the overall market: 84% of all stocks are doing better.
SGBX is part of the Construction & Engineering industry. There are 49 other stocks in this industry, of which 70% are performing better than SGBX.
SGBX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SGBX has a been trading in the 0.58 - 0.72 range, which is quite wide. It is currently trading near the lows of this range.
SGBX has an average volume of 4927470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SGBX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.64. Right above this resistance zone may be a good entry point.
More info and screens
0.52
1.24
We found 3 important support areas.
- Support @0.61 from a horizontal line in the weekly time frame.
- Support @0.59 from a horizontal line in the daily time frame.
- Support @0.53 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.64 to 0.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.06 from a trend line in the weekly time frame.
- Resistance @1.23 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for SGBX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SGBX is down. |
| ChartMill Relative Strength | 16.13 | NEGATIVE | SGBX has a low relative strength, it was outperformed by 83.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SGBX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SGBX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SGBX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.13 | NEUTRAL | The RSI value for SGBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SGBX has a positive trend. |
| Stochastics (14,3) | 34.17 | NEUTRAL | The Stochastics value for SGBX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.14 | HIGH VOLATILITY | The high ATR as a percentage value for SGBX suggests high volalility. |
| Average Directional Index/ADX (14) | 10.05 | NEGATIVE | The low ADX value for SGBX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.6349
+0.03 (+5.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg5.29%
1 Week3.34%
2 Weeks2.22%
1 Month-6.69%
3 Month56.38%
6 Month-33.18%
12 Month-73.55%
2 Year-97.48%
3 Year-98.2%
5 Year-98.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%7.14%
ATR Inc-12.89%
Range Today0.04
ADR(20)0.05
ADR(20)%7.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.13
Mansfield-1.97
10 Day High0.67
10 Day Low0.58
20 Day High0.72
20 Day Low0.58
52 Week High2.54
52 Week Low0.3
CS1 End0.61
CR1 Start0.64
Volume & EV
DER(3)-3%
DER(5)-6%
Volume168.00K
Volume Incr-66.09%
Vol(5)153.84K
Vol(50)4.93M